Westover Capital Advisors LLC Sells 44 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Westover Capital Advisors LLC decreased its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,399 shares of the company’s stock after selling 44 shares during the period. Westover Capital Advisors LLC’s holdings in Casey’s General Stores were worth $934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CASY. Envestnet Asset Management Inc. raised its stake in Casey’s General Stores by 142.8% in the third quarter. Envestnet Asset Management Inc. now owns 242,923 shares of the company’s stock worth $65,959,000 after buying an additional 142,884 shares in the last quarter. Morgan Stanley increased its position in shares of Casey’s General Stores by 7.7% during the third quarter. Morgan Stanley now owns 1,585,359 shares of the company’s stock worth $430,458,000 after purchasing an additional 113,437 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Casey’s General Stores during the third quarter worth $21,993,000. International Assets Investment Management LLC acquired a new position in shares of Casey’s General Stores during the fourth quarter worth $167,570,000. Finally, Teacher Retirement System of Texas increased its position in shares of Casey’s General Stores by 26.3% during the third quarter. Teacher Retirement System of Texas now owns 191,422 shares of the company’s stock worth $51,975,000 after purchasing an additional 39,896 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY traded down $1.87 during trading hours on Thursday, reaching $316.79. 239,513 shares of the company traded hands, compared to its average volume of 280,187. The stock has a market capitalization of $11.73 billion, a P/E ratio of 25.33, a P/E/G ratio of 2.56 and a beta of 0.82. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54. Casey’s General Stores, Inc. has a 12-month low of $212.50 and a 12-month high of $324.40. The business has a fifty day moving average price of $309.94 and a 200-day moving average price of $288.77.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.20 by $0.13. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the prior year, the company earned $2.36 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. Equities analysts anticipate that Casey’s General Stores, Inc. will post 12.81 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.54%. The ex-dividend date is Tuesday, April 30th. Casey’s General Stores’s payout ratio is 13.67%.

Wall Street Analysts Forecast Growth

CASY has been the topic of a number of recent analyst reports. BMO Capital Markets upped their price target on Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Wells Fargo & Company upped their price target on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Evercore ISI reduced their price target on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Finally, Benchmark reissued a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $312.63.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.